Even if the TransCanada Keystone XL Pipeline Project is nixed by the State Department, don't think the Canadian Oil Industry will just quit and go away. Not by a long shot.
In Alberta, oil is their lifeblood. And it's all about the money. And tax money for that matter too.
According to Syncrude (Fort McMurray, Canada)..."Our tax bill to the local municiaplity every year is a hundred million dollars."
To give you a broader perspective, says the Canadian Association of Petroleum Producers: "The oil industry is the backbone of the Western Canadian economy."
Canada has more oil than you can imagine.
Much of it untapped.
And it's got international attention: For example, Norway owns Statoil, which has an oil sands production facility in Alberta, near Conklin.
Aside from that, it's about supply, some say.
And TransCanada asks, "Where do you want to get your oil from? And we think it really is that simple. You have an option...you can get it from your greatest ally, your largest trading partner in the world, a bastion of liberal democracy, or your other options are Saudi Arabia, Libya, Nigeria, Venezuela."
Says CAPP, "It's not about Americans using more oil, it's about where they get that oil from."
